Well we’re into the second half of the year already so let’s look at July’s figures.  I see a lot of RED!  Understandably, the inventory levels are less than in previous years but let’s not get caught up in all of that.  Let’s look at what we have right now.  To me it looks pretty good.

Sellers in most South Denver real estate zip codes are looking at fairly low months of inventory.  Sellers in areas such as Parker, Highlands Ranch, Lone Tree and Englewood all enjoy a seller’s real estate market.  Like I always say however, an overpriced home in less than good condition will struggle to sell in any market.  So sellers need to stay focused on price and condition.

Buyers never fear!  There is still enough inventory out there for you to find the perfect home.  Take advantage now of these all time low rates which improve your buying power tremendously based on mortgage qualification and monthly payments.  If you find the home you like, act on it.  It is a great time to buy, really.

If you are looking to buy your next home or maybe sell your current home, please contact me and let’s see how I can help.  I’m active in the market and stay current on real estate values and trends.

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We are a bit more than halfway through the year already so let’s take a look at June’s statistics for the midyear.  Most zip codes for the south metro Denver area remain  pretty steady as far as sales and inventory levels.  In fact, most are pretty good  for the market with most zip codes staying “red”, which indicates a fairly hot market for sellers.

Parker and Castle Rock both have large numbers of active inventory and Parker continues to show great activity in it’s 80134 zip code!  Highlands Ranch reflects a seller’s market as well as many of the zip codes just north, including Englewood, Centennial and Greenwood Village along with others.

If you are a seller in one of these South Metro Denver zip codes, remain competitive on price, condition and depending on your price range, you may need to remain patient.  Even though it is a stable market according to statistics, the hottest prices remain between $200-$500k.

Buyers, stay active and engaged in the market. If you are ready to buy, then don’t believe the inventory will remain on the market forever and there is an overabundance of choices.  As you can see, in most areas inventory is to the seller’s advantage and the best homes continue to sell quick.

The Denver Real Estate market is pretty good. If you would like a more detailed look at your own home’s value or if you are looking to buy, please contact me I would love to help.

Denver Homes Sales & Real Estate Statistics

May continued the trend of a fairly strong homes seller’s market this year, at least as far as inventory levels go. Looking at the chart, there is still a lot of red!  Seller’s need to take advantage of the season, keep the curb appeal spruced up grass green and cut, fresh mulch and blooming flowers.

Buyers have fewer choices so don’t hesitate when you find the home you love. Especially anything priced under $200k, these homes are HOT! Take advantage of still great interest rates and start living your dream.

The Denver Real Estate market is pretty good. If you would like a more detailed look at your own home’s value or if you are looking to buy, please contact me I would love to help.

April inventory levels remain positive in most areas. Not too much of an over supply in the market.  In fact, as you can see by all the red, most areas have relatively low levels of inventory.  There is a good amount of inventory out in Parker, which is the 80134 and 80138 zips, however also a lot of sales leaving the area in a pretty balanced market condition.

On average, days on market look to be a bit over 4 months for many areas which is consistent with the months of inventory in those areas.  What does this mean to sellers?  Lower inventory again this month is good.  However, patience is necessary for most, the showing activity is just not that brisk.  Also, be very competitive in price and condition.  With fewer homes competing for the home buyers, it becomes clear to those out in the market which homes are overpriced and which need more attention to condition details.  So keep it clean, well maintained and priced right and you should be fine.

Buyers need to act quicker if they have interest in a particular home. With less inventory and great interest rates, the home you like today another buyer may very well have seen and liked yesterday.  Now you find it under contract!

The Denver Real Estate market is pretty good. If you would like a more detailed look at your own home’s value or if you are looking to buy, please contact me I would love to help.

The economy remains a struggle. Unemployment needs to improve as well as consumer confidence.  These are all facts of life in the current economic landscape.  Housing is generally a concern for many and maybe the way to start getting us all on the right track.

Real estate statistics can change almost as often as they are run. I won’t be too Polyanna-ish, but if you look at the chart of the most recent month’s activity in the South Denver Metro area, there is a lot of red and yellow areas.  This indicates a pretty balanced level of inventory and in many areas, a seller’s advantage.

Of course, homes inventory overall is down a bit and values still struggle, but on a positive side this isn’t a  real estate market where most seller’s languish on the market and feel the need to give in to the “buyer’s market” mentality.  That is, of course, if they are priced correctly in the first place.  If a seller is overpriced in any market, they cause their own issues.  With most areas balanced, sellers can expect to remain on the market for a reasonable amount of time and buyers should expect a reasonable and fair price for the home.  Interest rates are still very favorable, but creeping up a bit lately.  For buyers waiting for the further price declines, don’t forget the cost of financing in the overall scheme of things.  It can often take a large price decrease to make up for the extra cost of just a small rate increase.

The Denver Real Estate market is pretty good.  If you would like a more detailed look at your own home’s value or if you are looking to buy, please contact me I would love to help.